Assessee was a urban development authority constituted with object of development of areas according to a plan. Assessing Officer disallowed same on ground that registration granted to assessee under section 12AA was cancelled by Commissioner and also disputed charitable nature of activities carried out by assessee in terms of section 2(15).Tribunal had set aside order of cancellation of registration of assessee under section 12AA and restored same and\u00a0 also recorded that nature of activity of assessee was charitable and was not hit by proviso of section 2(15).\u00a0\u00a0 Appeal filed against said order of Tribunal was\u00a0 dismissed. SLP dismissed\u00a0 following ACIT (E) v. Ahmedabad Urban Development Authority\u00a0(2023) 4 SCC 561\/143 taxmann.com 278 (SC)\u00a0and as corrected by order dated 3rd November, 2022 in MA No.1849 of 2022 in Civil Appeal No.21762 of 2017. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 11 : Property held for charitable purposes-Activities charitable in nature -Entitle for exemption- SLP of revenue dismissed. [S. 2(15),12AA, Art. 136] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-58997","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-flz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=58997"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58997\/revisions"}],"predecessor-version":[{"id":58998,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58997\/revisions\/58998"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}